UK gilts rose ahead of the budget announcement; the 10-year yield fell 2bps to 5.33%.

Tech reporter Mark Gurman wrote Apple plans to unveil new 14‑ and 16‑inch MacBook Pro models on Wednesday, adding higher‑priced options. The models are expected to feature an OLED XDR touchscreen and Dynamic Island — both firsts for Mac — and to push starting prices to new highs. Insiders told Gurman Apple has discussed pricing a new 14‑inch with the M5 Pro chip at $2,899, about $400 above the current M5 Pro 14‑inch. The existing non‑touch 16‑inch MacBook Pro starts at $2,999; the new 16‑inch would start at least $3,399. A $2,899 base for the 14‑inch would be the highest starting price for a MacBook Pro, surpassing the $2,799 17‑inch model from 2006.

Fuel oil most-active contract fell as much as 2.00% intraday and is currently quoted at 5,189.00 yuan/ton.